the price started consolidating in a range
Since the OMNI token came into existence a few days ago, the price action speaks less activity on the chart. Over the daily OMNI chart, the price showed a gigantic candle favoring bulls and kept its stronghold over the very first candle, the price flew from approx $1.0 to $84.0 but gave closing at nearby to $27.0.
Thereafter, from the next trading sessions, the price started consolidating in a range of $21.90 to $30.00. Once this range is broken, it may lead to bigger moves in OMNI, but until the range is intact, the movement cannot be clearly predicted.
Therefore, if the bulls manage to take control the flight could be upward and the primary resistance would be $30.0, and $35.0. However, if the price fails below $21.90, the price could invite bears and reach depths in the process.
Thereafter, from the next trading sessions, the price started consolidating in a range of $21.90 to $30.00. Once this range is broken, it may lead to bigger moves in OMNI, but until the range is intact, the movement cannot be clearly predicted.
Therefore, if the bulls manage to take control the flight could be upward and the primary resistance would be $30.0, and $35.0. However, if the price fails below $21.90, the price could invite bears and reach depths in the process.
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